Revain - The Yelp of the Blockchain
Revain is reinventing trust in reviews.
Concise Crypto
May 20, 2022
Revain (REV)
What is Revain?
Revain is a ranking and review platform built on the Ethereum and Tron blockchains. The goal of Revain is to create a trustworthy system where users are rewarded for leaving reviews about different projects and apps.
Each review undergoes a verification process, consisting of AI Filtering, manual verification, and human moderation if needed. A reviewer is paid only after the review is authenticated and approved.
Why does Revain have value?
Authors who write reviews in the Revain platform get rewarded in RVN for approved reviews, as well as for likes and comments on their opinions. The RVN token is pegged to USD and only operates on the platform. Users must swap it for the REV token and then trade it on crypto exchanges.
What are the Pros of Revain?
● Users get rewarded by posting reviews about companies.
● There are measures to prevent bots and spam reviews.
● Reviews are immutable.
What are the Cons of Revain?
● There are no measures to prevent companies from buying good reviews.
● Users only get paid if the reviewed company is registered on the platform.
What are REV’s tokenomics?
The total supply of REV is fixed at 85 billion, all of which are currently in circulation. Registered companies pay in REV to reward authors for their reviews.
Who founded Revain?
Rinat Arslanov, Russian venture capitalist.
Who are Revain’s investors?
The Revain platform was funded through a crowdsale in 2017, raising over $8.5 million. However, there is no information about known investors.
Concise Crypto Grade:
C+ :While the use case for Revain is interesting the execution hasn’t quite been perfected yet. The website still looks a little disorganized and the moderation process can take a while. However, if Revain can button up the execution, package the product, and then sell it to enterprises like Amazon, Shopify, and others there could be tremendous value in having “verified” true reviews. At this point we don’t think Revain is there but they are getting closer.
Where can I buy REV?
KuCoin, Bittrex, ProBit Global, BITEXLIVE, Emirex, Crex24.
What ecosystem does Revain run on?
Ethereum and Tron